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Use Follow-Through To Spot Uptrend.(A)(INVESTOR'S CORNER)
March 1, 2002... Byline: JONAH KERI
Want to test an investor's mettle? Try telling him to sit patiently and wait. It's a skill every successful trader must develop to bank the biggest gains. Yet few have the discipline to do it.
No period better proved...
Bush Renews His Call For Private Accounts In Social Security Fix To Cope With Retiree Ranks Fed's chief calls the idea an option as nation eyes ways to increase savings.(A)
March 1, 2002... Byline: SEAN HIGGINS
President Bush renewed his call for partial privatization of Social Security on Thursday, just after Federal Reserve Chairman Alan Greenspan gave the idea a slight nod before the same audience.
Both spoke at a...
Could Japan Become Argentina? Its Ills Are Chronic, Not Critical But its banks are dying and debts are too high; a crisis would ripple out.(A)(ECONOMY IN PERSPECTIVE)
March 1, 2002... Byline: DONALD H. GOLD
Japan's knight in shining armor, Prime Minister Junichiro Koizumi, has fallen off his horse. He ran on the slogan, "Change the LDP (Liberal Democratic Party), change Japan." So far he's accomplished all but two of...
IBD'S TOP 10.(A)
March 1, 2002... GDP Shows Surprising Strength
1Q4 '01 growth was a faster-than-expected 1.4% yearly rate, propelled by consumers and a big rise in government spending. These are the latest data signaling the slump is ending. The first GDP estimate,...
AFTER THE CLOSE.(TO THE POINT)
March 1, 2002... STARBUCKS' same-store sales rose 6% in Feb. after a 7% gain in Jan. It sees 52-53 cents in '02 vs. 46 cents in '01 and near views.
NORTEL ended the three-member CEO office, created to ease CEO Frank Dunn's transition.
LOCKHEED MARTIN...
BUSINESS BRIEFS.(TO THE POINT)
March 1, 2002... AEROSPACE
Air engine deal goes to U.S. firms
A joint venture of United Technologies' Pratt & Whitney and General Electric scored a key win as Dubai airline Emirates chose it over Rolls-Royce in a deal worth up to $1.5 bil. The two...
BUSINESS BRIEFS.(TO THE POINT)
March 1, 2002... RETAIL
Best Buy raises Q4 net guidance
The No. 1 consumer electronics chain said sales are still on plan, but profit should beat analyst views of a 55% rise to $1.38 a share. Best Buy in Jan. raised its outlook to $1.35-$1.40 from...
BUSINESS BRIEFS.(TO THE POINT)
March 1, 2002... TECHNOLOGY
CIOs see slow IT spending growth
Firms' IT budgets will rise just 3.2% over the next 12 months, chief information officers said in the Feb. CIO Magazine Tech Poll. That's down from 3.8% in Jan. and 11% in Feb. '01. Weak...
BUSINESS BRIEFS.(TO THE POINT)
March 1, 2002... MEDICAL
Cigna slides on Medicare probe
The HMO lost 4.18, or 4%, to 89.70 after disclosing in an SEC filing that the Justice Dept. and Medicare's inspector general are looking into cost-reporting practices at its Lovelace Health System...
THE ECONOMY.(TO THE POINT)
March 1, 2002... 1-year adjustables at 8-year low
The adjustable-rate mortgage fell 2 basis points to 4.94% this week, Freddie Mac said. That's the lowest level since April '94. The benchmark 30-year fixed rate ticked down a point to 6.8%, remaining below...
IN BRIEF.(TO THE POINT)
March 1, 2002... Dell CEO Michael Dell is considering acquisitions but will continue to rely mainly on organic growth.
Manugistics fell 19% on fears it'll lose business as Ford cuts tech spending. The business software maker and analysts defended its ties...
NATION.(TO THE POINT)
March 1, 2002... 15,000 U.S. deaths tied to nukes
That many people probably died from radioactive fallout from Cold War nuclear weapon tests worldwide, said a government study reported by USA Today. The study suggested 20,000 nonfatal cancers among U.S....
WORLD.(TO THE POINT)
March 1, 2002... U.S. jets bomb North Iraq targets
Air defense sites in the no-fly zone were attacked after Western patrol aircraft were targeted by Iraqi defenses. Britain said Iraq still makes weapons of mass destruction, a threat it said must be tackled....
TRENDS & INNOVATIONS.(TO THE POINT)
March 1, 2002... Agent Orange, cancer link hazy
The Institute of Medicine said there isn't enough evidence to judge whether kids of Vietnam veterans have a higher risk of acute myelogenous leukemia than others. Its prior report linked the two. Agent Orange...
TRENDS & INNOVATIONS.(TO THE POINT)
March 1, 2002... Novartis' Gleevec kept 92% of patients with chronic myelogenous leukemia alive for two years after standard treatment failed, the New England Journal of Medicine said.
Moms who worry about their child's weight and restrict access to...
Nash At A Glance.(LEADERS & SUCCESS)
March 1, 2002... Nash At A Glance
Born: 1928 in Bluefield, W.Va.
Education: B.S. and M.S. in mathematics from Carnegie Mellon University in 1948. Ph.D. in mathematics from Princeton University in 1950.
Achievements:
Published his seminal...
BE HONEST AND DEPENDABLE The Value Of Grunt Work.(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)
March 1, 2002... Byline: Amy Alexander
10 Remember your first job? Maybe you flip-ped burgers or swept floors. Perhaps you hammered nails, shoveled dirt or changed diapers. Whatever the case, first jobs are like seeds. Contained within them are important...
John Nash Pulled A Win-Win Focus On Vision: Mathematician beat mental illness, garnered a Nobel Prize.(LEADERS & SUCCESS)
March 1, 2002... Byline: SARAH Z. SLEEPER
As a 20-something doctoral student at Princeton University in the 1940s, John Forbes Nash Jr. usually did not win at chess.
In a favorite Ivy League version of the game, two players sat back to back so they...
Top Firms' CEOs Hit The Road To Learn What Customers Want Chief execs who go on sales calls can help their firms land new business.(LEADERS & SUCCESS)(MANAGING A SUCCESSFUL COMPANY)
March 1, 2002... Byline: DOUG TSURUOKA
FedEx Corp. founder, chairman and CEO Frederick Smith is no prima donna of the corner office. He's so gung-ho about pushing up sales at the $20.1 billion-in-sales company that he actually grabs his attache case and...
TECHBITS.(INTERNET & TECHNOLOGY)
March 1, 2002... Byline: Brian Deagon
Check Your Camera At The Door
Next time you're at the midnight showing of a big movie on opening night, don't be surprised if a person down the aisle has a digital camera pointed at the screen. He's likely to be...
Glimmer Of Hope For Some ASPs Application service providers are adding customers steadily.(INTERNET & TECHNOLOGY)
March 1, 2002... Byline: J. BONASIA
Few software trends have sparked as much hype, and then such a backlash, as application service providers.
Many tech observers touted the ASP market as software's next big thing when it emerged in the late 1990s. The...
A Century-Old Process Helping Semiconductors Get Cleaned Up.(INTERNET & TECHNOLOGY)
March 1, 2002... Byline: JAMES DETAR
Researchers have found a way to clean tiny particles from semiconductor wafers by using a 100-year-old process.
It could be a key breakthrough for the chip industry, which takes cleanliness very seriously. A speck...
Sales Of Cisco's Ethernet Switching Gear Rising At Rivals' Expense Competitors Are Foundering The technology underlying Cisco's Ethernet gear has caught up to other firms'.(INTERNET & TECHNOLOGY)
March 1, 2002... Byline: MIKE ANGELL
Network gear maker Cisco Systems Inc. gained last quarter in the high-end router market against rival Juniper Networks Inc. How's it doing in the hotly contested Ethernet switch market against different rivals?
The...
FCC Is Next Stop On Bells' Journey Toward Providing Net Services House Vote Gave Momentum Bells say they'll put more money into fast networks if restrictions are lifted.(INTERNET & TECHNOLOGY)
March 1, 2002... Byline: REINHARDT KRAUSE
A fierce lobbying battle pitting regional Bell phone companies against rivals is heading to the Federal Communications Commission.
The Bells, which dominate local phone markets, are on a roll.
The House...
NEW AMERICA REVISITED Gas Gear Maker Restates Financials, Hires New CFO.(THE NEW AMERICA)(NEW AMERICA REVISITED)
March 1, 2002... Byline: GERRY MIRIELLO
Hanover Compressor Co. (New America, March 9) on Tuesday cut its outlook for last year's fourth quarter and 2002. It also named a new chief financial officer and will restate results from the start of 2000.
The...
ESCALADE INC. Evansville, Indiana Move Into Fitness Gear Has This Firm Pumped.(THE NEW AMERICA)
March 1, 2002... Byline: MARILYN MUCH
After years of spending freely on fitness equipment, Americans are taking a breather.
Shipments of exercise products for the home and institutional markets slipped 3.6% to $3.5 billion last year -- the first...
SHOE CARNIVAL INC. Evansville, Indiana Retailer Steps Right Up To Higher Earnings It Also (Big) Tops Sales Views There's no clowning around in tough retail environment, so this firm is all business.(THE NEW AMERICA)
March 1, 2002... Byline: AMY REEVES
Over the past year, retailers have had to scale back their plans after the one-two punch of recession and Sept. 11.
Shoe Carnival Inc. is no exception. But it's one of the few that have managed to keep sales and...
KEY FUND HOLDINGS.(MUTUAL FUNDS)
March 1, 2002... Key Fund Holdings / Young Innovations was a top holding of Royce Micro-Cap Fund as of the fund's latest reporting period. Earnings rose 13% and 22% the past two quarters. Return on equity was 14.8% in 2000. The small, thinly traded stock is 7%...
Stock Fund Returns Slumped In Feb. Most Bond Funds Gained Gold, natural resources and real estate funds buck broader downward trend.(MUTUAL FUNDS)
March 1, 2002... Byline: CLAIRE MENCKE
Most stock funds lost ground again in February. Investors continued to avoid sectors and companies that raised concerns about earnings prospects or accounting practices.
Meanwhile, fixed-income funds kept on...
A Golden Nest Egg.(ISSUES & INSIGHTS)(EDITORIALS)
March 1, 2002... Social Security: With a pack of political wolves already nipping at his heels, President Bush has outlined his plan for private retirement accounts.
Thursday's announcement took courage and leadership, two qualities sorely lacking in the...
Rethinking Antitrust.(ISSUES & INSIGHTS)(EDITORIALS)
March 1, 2002... Competition: For analysis, the latest Economic Report of the President is a treasure trove. It's especially sound in its views on antitrust policy.
Most everyone who has followed the government's antitrust case against Microsoft figured...
LETTERS.(ISSUES & INSIGHTS)
March 1, 2002... Democrats Vs. The Little Guy
IBD gives too much credit to Democrats in "Economic Start-Up" (Editorial, Feb. 21) by assuming they want to help "the little guy."
Democrats, by and large, have no interest in helping the little guy. They...
Did Faulty History Textbook Create An American Taliban?(ISSUES & INSIGHTS)(NATIONAL ISSUE)
March 1, 2002... Byline: BRIAN MITCHELL
Malcolm X took the rap for setting John Walker Lindh, the American Taliban, on the road to Islam. Whom was Walker reading before he found Malcolm X's autobio?
He was reading Gary Nash.
Nash is professor...
Barbarians' Bum Rap?(ISSUES & INSIGHTS)
March 1, 2002... Byline: Brian Mitchell
Houghton Mifflin's sixth-grade textbook "A Message of Ancient Days" includes special features to help young students think critically and spot bias.
The following explains "point of view." It blames the Roman...
THE REAL MOST ACTIVE NYSE Stocks Forfeit Early-Morning Gains.(MAKING MONEY)
March 1, 2002... Byline: DAVID SAITO-CHUNG
The Dow industrial average let a 1.1% intraday gain shrink into a 0.2% loss Thursday. The S&P 500, up 1% intraday, fell 0.3%. NYSE volume cooled.
Natural gas-related firms fell hard. Kinder Morgan sank 5.20 to...
THE REAL MOST ACTIVE Nasdaq Logs Second Straight Distribution Day.(B)
March 1, 2002... Byline: CHRISTINA WISE
For the third time in as many days, the Nasdaq watched an early gain fade into a loss Thursday. By the time the closing bell rang, the composite index was down 1.2%.
Traders unloaded chip names, including 02Micro...
Best Stocks Have High Book Values.(A)(INVESTOR'S CORNER)
March 4, 2002... Byline: CHRISTINA WISE
Perusing a company's income statement can give you a good feel for which way its stock is headed.
Unfortunately, when it comes to book value a balance sheet doesn't provide the same insight.
Book value is...
Stocks Follow Through As Economic Data Add To Picture Of Recovery Manufacturing Turns Corner Consumer spending and construction also strong; major indexes up 2%-4%.(A)
March 4, 2002... Byline: DONALD H. GOLD
New data showing strong gains in both the manufacturing and consumer economies bolstered views the recession is over and sent stocks flying Friday.
The S&P 500 climbed 2.3% on 5% higher NYSE volume, a...
Lenders Of Nearly Last Resort Offer Lifeline -- But At A Price They exact higher rates, but also levy more fees, boost compliance costs.(A)(ECONOMY IN PERSPECTIVE)
March 4, 2002... Byline: STEVE WATKINS
Banks are tightening up, and investors are so skittish you can't tap the public markets for capital. What's a CFO to do?
More and more, they're turning to financing secured by some of the borrower's assets.
...
IBD'S TOP 10.(A)
March 4, 2002... Stock Indexes Run Up At Gallop
1Buoyed by a host of positive economic data, the three major indexes didn't look back. The Dow Jones industrials added 2.6%, the S&P 500 2.3%. NYSE volume expanded, marking a follow-through day for both...
AFTER THE CLOSE.(TO THE POINT)
March 4, 2002... ORACLE now sees 9 cents in the just-ended Q3, a cent under analyst views and year-ago results. Software sales will be flat with Q2. Oracle fell after hours.
EMC quelled talk of tension between its two top executives, but the data-storage...
BUSINESS BRIEFS.(TO THE POINT)
March 4, 2002... INTERNET
Yahoo climbs 15% on ad outlook
The Web giant rose 2.15 to 16.61 after SoundView Technology said an online ad recovery is at hand. SoundView raised Q1 and '02 sales targets for Yahoo, saying it'll benefit. Also, media mogul...
BUSINESS BRIEFS.(TO THE POINT)
March 4, 2002... TELECOM
AT&T Wireless expects weak '02
The wireless firm sees weaker operating cash flow growth and warned service revenue growth excluding recent acquisition TeleCorp will slightly weaken. AT&T Wireless cited the recession and more...
BUSINESS BRIEFS.(TO THE POINT)
March 4, 2002... TECHNOLOGY
Key HP proxy report is imminent
The influential Institutional Shareholder Services is expected to give its report Monday on Hewlett-Packard's planned buy of Compaq. A thumbs-up or down from the proxy group could sway enough...
BUSINESS BRIEFS.(TO THE POINT)
March 4, 2002... MEDICAL
Andrx rosy on generic clearance
The drug firm rallied 8.46, or 25%, to 41.91 after a U.S. court decision should clear the way for it to sell a version of GlaxoSmithKline's depression drug Wellbutrin and smoking-cessation drug...
THE ECONOMY.(TO THE POINT)
March 4, 2002... ECRI Weekly Leading Index rises
It rose 0.4 point to 120.5 in the Feb. 22 week, the Economic Cycle Research Institute said. Higher money supply and mortgage applications led the advance. But the six-month growth rate, a sort of moving...
IN BRIEF.(TO THE POINT)
March 4, 2002... Knight Trading denied Web reports that police raided its trading floor. The Nasdaq share dealer fell 14% to a three-year low of 6.85.
Continental Air's Feb. load factor rose 3.6 points to 72.1%.
The largest pilots union asked the U.S....
NATION.(TO THE POINT)
March 4, 2002... Compromise on voter bill closer
Senate Democrats abandoned their demands that first-time voters be allowed to prove their identity with only a signature, a major sticking point in the debate over changing the way votes are counted. It was...
WORLD.(TO THE POINT)
March 4, 2002... More die in India religious strife
The death toll neared 300 in the worst Hindu-Muslim clashes in a decade. Attackers set fire to a village, killing at least 30 in one of several attacks in Gujarat state. It was believed to be a Muslim...
TRENDS & INNOVATIONS.(TO THE POINT)
March 4, 2002... Rich get poorer in Forbes roster
Microsoft's Bill Gates led the list of 497 billionaires again in Forbes' annual ranking, though he lost $6 bil last year. Of those on the list, 50% saw their net worth fall, 23% saw it rise and 19% held...
TRENDS & INNOVATIONS.(TO THE POINT)
March 4, 2002... U.S. farmers are expected to grow more genetically modified crops this year despite health concerns of overseas buyers, seed dealers say.
GlaxoSmithKline's AIDS drug abacavir could be a key weapon in battling the disease in children,...
Ott At A Glance.(LEADERS & SUCCESS)
March 4, 2002... Ott At A Glance
Born: 1909 in Gretna, La.
Died: 1958 in New Orleans.
Education: Dropped out of high school.
Achievements:
Considered one of the greatest sluggers in baseball history. Smacked 511 career home runs, a...
HOW YOU THINK IS EVERYTHING The Winning Viewpoint.(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)
March 4, 2002... Byline: Cord Cooper
1 Colin Powell's leadership philosophy? "Perpetual optimism is a force multiplier." Simply put: A leader's confidence, hope and enthusiasm multiply as they infuse others.
Powell and other great leaders display "an...
Slugger Mel Ott Hit To Win Focus On Goals: His drive to be the best put him in the Baseball Hall of Fame.(LEADERS & SUCCESS)
March 4, 2002... Byline: MICHAEL RICHMAN
It was the spring of 1928, and Mel Ott was looking good. He'd hit .383 and .282 in his first two seasons with the New York Giants. But he had just one home run.
Ott (1909-58) wasn't satisfied. He wanted to...
Even In Downturn, Employee Morale Stays High At Some Firms Mission statements and respect for employees among keys, say execs.(LEADERS & SUCCESS)(MANAGING A SUCCESSFUL COMPANY)
March 4, 2002... Byline: STEVE WATKINS
Times are tough. Companies are freezing salaries, slashing jobs and cutting corners.
Employee morale at many places is falling into the dumper as a result. But some companies have escaped that fallout, even if...
Global Shift As Manufacturing Goes Low-Cost Some firms that bought or built plants in healthier times are struggling these days.(INTERNET & TECHNOLOGY)
March 4, 2002... Byline: JED GRAHAM
JDS Uniphase Corp. helped define the boundaries of the tech wreck.
It went from making the largest-ever tech hardware acquisition to the first-ever $50 billion write-off.
Now the fiber-optic firm's aptly named...
IBM Technology Is Key Element In Preserving Interviews With Holocaust Survivors Test Of Speech Recognition Transcribed interviews will be controlled by the Shoah Visual History Foundation.(INTERNET & TECHNOLOGY)
March 4, 2002... Byline: DOUG TSURUOKA
History has a way of turning full circle.
Last year, a book alleged that a German unit of IBM Corp. sold punch-card machines to Hitler. The book said the Nazis used the machines to help identify Jews and run the...
PeopleSoft Aiming To Help Firms Monitor Costs Of Outsourcing Analysts Say Potential Is Big Firms' spending can be spread among many areas, making it tough to track.(INTERNET & TECHNOLOGY)
March 4, 2002... Byline: J. BONASIA
Businesses are outsourcing like never before. But they're not watching the costs of contract work as closely as they should.
That's the view of PeopleSoft Corp., the giant in human-resources software.
Companies...
Adoption Sites Help Couples Find Matches With Children.(INTERNET & TECHNOLOGY)(COMPUTERS MADE PLAIN)
March 4, 2002... Byline: JULIE MITCHELL
The number of American families that adopt children is growing steadily.
According to the National Center for Health Statistics, 232,000 U.S. women took concrete steps toward adoption in 1995. That was up from...
Network Wars Can Refer Literally To Wars Among Networked Groups Has The "Netwar' Era Begun? Rand's trend observers say technology products a must for today's battles.(INTERNET & TECHNOLOGY)(Q & A)
March 4, 2002... Byline: DONNA HOWELL
Struggles of the future, in both war and business, will be networked. Many already are.
If you want to win these battles, you'll have to adapt. That's the message of "Networks and Netwars," a book by Rand Corp....
ISIS PHARMACEUTICALS INC. Carlsbad, California As More Drug Patents End, Biotech Stands To Benefit.(THE NEW AMERICA)
March 4, 2002... Byline: GLORIA LAU
More than $30 billion in drugs made and sold by the world's biggest drug makers will lose patent protection in the next few years.
The entire industry's bottom line undoubtedly will wither as each firm loses market...
BIO-RAD LABORATORIES INC. Hercules, Calif. Topping 2001 Results Won't Be An Easy Job.(THE NEW AMERICA)
March 4, 2002... Byline: AMY REEVES
Plenty of companies have faced the challenge of coming out of slumps.
But Bio-Rad Laboratories Inc. has a different kind of task: How do you follow up a stellar year?
Last year, the biomedical firm soared after...
ALLIANCE DATA SYSTEMS CORP. Dallas, Texas Transactions Processor Eyes New Strategy Its Focus Shifts To Marketing Servicing existing clients isn't enough, officials say; you have to win new ones.(THE NEW AMERICA)
March 4, 2002... Byline: KIRK SHINKLE
Alliance Data Systems Corp. is a bit of an upstart in the transaction services world.
The company just went public in June. It's spent the past year trying to get noticed in a field dominated by big names such as...
KEY FUND HOLDINGS.(MUTUAL FUNDS)
March 4, 2002... Key Fund Holdings / Quest Diagnostics was a key holding of Morgan Stanley Mid Cap Value Fund and a top buy of Merrill Lynch Healthcare Fund in the latest reporting period. The stock is 5% off its June 29 high of 75.75. Earnings rose 53%, 70%...
Summit Eyes Age-Based Saver Plans Retirement Savings Low U.S. policy should support, but individuals control, the wealth-building process.(MUTUAL FUNDS)
March 4, 2002... Byline: CLAIRE MENCKE
How do you spur individuals of all ages to make hard choices about their own retirement savings -- while also trying to set broad national guidelines for retirement plans?
Those were some of the issues facing...
Irrelevance Here . . .(ISSUES & INSIGHTS)(EDITORIALS)
March 4, 2002... Politics: Tom Daschle's swipe at the war effort is more of a probe for a soft spot in the president's armor than an offer of constructive criticism.
"I don't think the success has been overstated, but the continued success, I think, is...
. . . Irrelevance Abroad.(ISSUES & INSIGHTS)(EDITORIALS)
March 4, 2002... War On Terror: Once again, the U.S. and Europe are at loggerheads on foreign policy. Too bad, but this time we'll just have to go our own way.
Our allies in Europe have grown apoplectic over President Bush's use of the term "axis of evil"...
U.S. Is (Again) Going It Alone In Pushing Kyoto Alternative.(ISSUES & INSIGHTS)(PERSPECTIVE)
March 4, 2002... Byline: TOM GRAY
Greens see red when they hear a word like "voluntary." Command-and-control is environmental movement orthodoxy, so any policy that relies on less obtrusive methods such as markets and technology isn't taken seriously. If...
THE REAL MOST ACTIVE Stocks Rise Broadly To Cap Strong Week.(MAKING MONEY)
March 4, 2002... Byline: DAVID SAITO-CHUNG
Friday's strong February manufacturing report set blue chips afire. The Dow industrial average romped ahead 2.6% to mark its highest close since Aug. 27. The S&P 500 jumped 2.3%, following through on the sixth day...
THE REAL MOST ACTIVE Nasdaq Muscles Way To Gain, But Volume Falls.(B)
March 4, 2002... Byline: CHRISTINA WISE
A raft of positive economic news Friday helped the Nasdaq post a lead and, for a change, actually hang on to it. The composite index finished the day up 4.1%.
Semiconductor stocks were among the day's biggest...
Funds Up Stakes In Ocular Sciences Stock.(B)(NASDAQ STOCKS IN THE NEWS)
March 4, 2002... Byline: Christina Wise
Ocular Sciences, which is making its way through a 12-week consolidation, finished the week 9% off its high. That pattern is part of a much larger base it began in May 1999.
The contact lens maker had a rough...
Charts Put Him On Course For Bigger Profits.(THE SMART INVESTOR)(IBD INVESTOR PROFILE)
March 4, 2002... Byline: KEN HOOVER
Robert Maltbie was a Los Angeles stockbroker who wasn't making much money for himself or his clients by following the recommendations of his firm's analysts. Then he figured out how to read charts.
Today, he runs $20...
Its Base Was Apple Of Investors' Eye.(THE SMART INVESTOR)(WINNING WAYS)
March 4, 2002... Byline: KEN HOOVER
If you want to get a feel for how far the computer revolution has come, think back to 1980 and the hot new Apple III computer.
Just imagine: You could type words on a tiny green screen and print them out on a slow,...
How To Control Your Risk In Stocks.(A)(INVESTOR'S CORNER)
March 5, 2002... Byline: DAVID SAITO-CHUNG
Ask a few friends to close their eyes. Then ask them what words come to mind when they think about the stock market. Most likely, they'll say the word "risk."
Yes, day in and day out, stocks carry higher risk....
Investors See Upturn, Overlook War, Enron, Propel Stocks Higher Oracle's Woes Matter Not Nasdaq up 3%, Dow 2% as volume heads higher; cyclicals especially strong.(A)
March 5, 2002... Byline: KEN HOOVER
Investors decided in a big way Monday that it's safe to go back in the water. They plunged in headfirst, pushing the major stock market indexes higher in heavy volume on the belief the economy is shaking off a slowdown....
Employers Find Sept. 11 Means More Work Protecting Staffers People in foreign posts are at risk, and official briefings aren't enough.(A)
March 5, 2002... Byline: PETER BENESH
Daniel Pearl was not the first American killed by terrorists in Karachi, Pakistan. In 1995, two U.S. diplomats died when Muslim extremists opened fire. In November 1997, militants killed four auditors from the Texas...
IBD'S TOP 10.(A)
March 5, 2002... 9 GIs Die As Afghan Fight Rages
1U.S. jets carpet-bombed mountains in eastern Afghanistan as allied ground forces moved to cut enemy escape routes. One U.S. helicopter was hit and another shot down. At least 40 U.S. troops were wounded. As...
AFTER THE CLOSE.(TO THE POINT)
March 5, 2002... BEAZER HOMES' Feb. home orders rose 0.7% to 1,071.
THE FDA OK'd Thoratec's HeartMate VE pumping device to treat an expanded pool of patients.
PACIFIC SUNWEAR said Q4 net was flat at 43 cents, or 2 cents over analyst estimates.
...
BUSINESS BRIEFS.(TO THE POINT)
March 5, 2002... RETIREMENT
Investors will boost IRA funding
Americans will stow up to $39 bil in IRAs in the '02 tax year, up 24%, Fidelity said. New tax laws raised annual IRA contribution limits by $1,000 to $3,000, and more for people over 50. More...
BUSINESS BRIEFS.(TO THE POINT)
March 5, 2002... INTERNET
Hotel Reservations surges 15%
The travel site rose 7.66 to a new high of 60.26 after reporting record one-day bookings of $3 mil on Feb. 27. The previous record of $2.5 mil was posted in Jan. The travel industry is still in...
BUSINESS BRIEFS.(TO THE POINT)
March 5, 2002... TECHNOLOGY
World chip sales fell 40% in Jan.
That's from a year ago. Sales slid 1.7% vs. the usually busy month of Dec., but a recovery is close, the World Semiconductor Trade Statistics said. Chip sales in the Americas fell 51.8% from...
BUSINESS BRIEFS.(TO THE POINT)
March 5, 2002... TRANSPORTATION
GM climbs on forecast, Feb. sales
General Motors climbed 3.73, or 7%, to 58.70 as Wall Street cheered Friday's strong Feb. sales and Q2 production report. GM's Feb. sales rose 0.4%, though the industry as a whole slid...
THE ECONOMY.(TO THE POINT)
March 5, 2002... Dot-com layoffs plunged in Feb.
Dot-com layoff announcements dived 62% to a two-year low of 670 in Feb. from Jan.'s 1,802, reports outplacement firm Challenger, Gray & Christmas. Except for post-attack Oct., dot-com cuts have steadily...
IN BRIEF.(TO THE POINT)
March 5, 2002... IN BRIEF
Home builder Toll Bros. will split 2-for-1 on March 28. Rival D.R. Horton will split 3-for-2 on April 9.
Cingular Wireless, following rivals' new plans, launched a pricing plan that adds calling minutes and ends long-distance...